Introducing CCAvenue Express Settlements - Get access to your money faster!
24th June, 2020
Access to effective working capital remains a key challenge for almost all online businesses whether it is a startup or an established enterprise. There is often an urgent need of capital to meet financial obligations such as vendor settlements, operating expenses and loan repayment. With the default settlement cycle, it takes up to 2-3 working days for payments to be credited to the business's bank account, once the customer has made online payment. The time interval in receiving payments from the customers and making payments to the vendors, severely affects the business's liquidity and causes cash flow challenges.
Fully aware of these pain points, CCAvenue has rolled out its Express Settlements feature that settles business payments on the same working day instead of the default T+3 or T+2 settlement cycles. This feature allows businesses to get easy and early access to their funds at a very nominal fee, thus improving financial liquidity, avoiding cash-flow challenges and preparing better for working capital requirements.
Express Settlements offers several advantages to businesses:
Commenting on the rollout of CCAvenue Express Settlements, Mr. Vishwas Patel Executive Director at Infibeam Avenues Limited and Founder of CCAvenue, stated: "Working capital is a primary requisite for any business to manage day-to-day operations smoothly and thrive in today's highly competitive environment. This was the primary reason behind the launch of our Express Settlements feature. With minimized settlement time and ready inflow of cash on the same day, businesses can solve their cash flow challenges, improve operational efficiency as well as focus on growth."
About CCAvenue
CCAvenue, the flagship brand of Infibeam Avenues, is a PCI DSS 3.2.1 compliant payments platform for eCommerce businesses in India. It has been designed to help its 1.3 lakh+ merchants accept online payments through a spectrum of new-age payment options including 6 major Credit Cards, 97+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 58+ Net Banking, Mobile Wallets, UPI and up to 15 Multi Bank EMI options. Backed by a 20-year history of industry firsts, outstanding innovations and prestigious accolades, CCAvenue offers a multi-channel payment platform, along with a suite of disruptive features such as Invoices, Subscriptions, CCAvenue B2Biz, CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, CCAvenue Card Storage Vault (tokenization) and more.
Fully aware of these pain points, CCAvenue has rolled out its Express Settlements feature that settles business payments on the same working day instead of the default T+3 or T+2 settlement cycles. This feature allows businesses to get easy and early access to their funds at a very nominal fee, thus improving financial liquidity, avoiding cash-flow challenges and preparing better for working capital requirements.
Express Settlements offers several advantages to businesses:
- Provides early access to funds
- Ensures better cash flow management
- Increases operational efficiency and powers growth
- Enables timely disbursement of payments to vendors
- Improves credit ratings by avoiding payment backlogs
Commenting on the rollout of CCAvenue Express Settlements, Mr. Vishwas Patel Executive Director at Infibeam Avenues Limited and Founder of CCAvenue, stated: "Working capital is a primary requisite for any business to manage day-to-day operations smoothly and thrive in today's highly competitive environment. This was the primary reason behind the launch of our Express Settlements feature. With minimized settlement time and ready inflow of cash on the same day, businesses can solve their cash flow challenges, improve operational efficiency as well as focus on growth."
About CCAvenue
CCAvenue, the flagship brand of Infibeam Avenues, is a PCI DSS 3.2.1 compliant payments platform for eCommerce businesses in India. It has been designed to help its 1.3 lakh+ merchants accept online payments through a spectrum of new-age payment options including 6 major Credit Cards, 97+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 58+ Net Banking, Mobile Wallets, UPI and up to 15 Multi Bank EMI options. Backed by a 20-year history of industry firsts, outstanding innovations and prestigious accolades, CCAvenue offers a multi-channel payment platform, along with a suite of disruptive features such as Invoices, Subscriptions, CCAvenue B2Biz, CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, CCAvenue Card Storage Vault (tokenization) and more.
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